Oil drilling progress in Texas basin shows depths over 15 thousand feet
Scouting the basin lists multiple wells and operators including Borden Aminoil USA No 1 Co No 1 O Brien Ranch drilling 4050 ft Depco Inc No 1 White Ranch 5250 ft Culbertson Pennzoil Co No 1 West perforating at 12636 ft Eddy Perry R Bass No 78 Big Eddy Unit 12790 ft Perry R Bass No 49 Poker Lake Unit 7945 ft Exxon Corp No 1 B Crooked Canyon Federal 7924 ft Yates Petroleum Corp No 1 Bends Unit 9577 ft Gaines Houston Oil & Minerals No 2 Waters 6330 ft Lea Amoco Production Co No 1 BM Federal 15358 ft BTA Oil Producers No 1 Antelope 5000 ft Getty Oil Co No 1 Getty Riggs Federal 7557 ft Pecos Exxon Corp No 1 Mitchell 11851 ft GMW Corp No 1 Satanta 9760 ft Terrell Jackson Exploration No 14 Ingham total depth 10823 ft Val Verde Cities Service No No 1 B West 11595 ft Ward Gulf Oil Corp No 1216 E O Brien 9648 ft Energy Reserves Group No 1 East Vermajo 15925 ft
MENTIONED IN THIS ARTICLE
Borden — Aminoil USA
O’brien
Depco Inc
White Ranch
Culberson — Pennzoil Co
EDDY
Perry R. Bass
Big Eddy
Poker Lake
Exxon Corp
Crooked Canyon Federal
Yates Petroleum Corp
Gaines — Houston Oil & Minerals
LEA — Amoco Production Co
Getty Oil Co
Getty Riggs Federal
PECOS
Mitchell
GMW Corp
Satanta
Terrell — Jackson Exploration
Ingham
Val Verde
Ward — Gulf Oil Corp
Over the Counter Quotations and Interdealer Prices
Daily quotations from the National Association of Securities Dealers show interdealer bids with no markup or commissions. Notable listings include First United Bancorp, MSF OH, 144 33 percent, Tipperary Land Co. 1 percent 22, and Stewart & Stevenson at 22.
MENTIONED IN THIS ARTICLE
National Association Security Dealers
Inter Dealer
Inter Dealers
Saaeea
First United Bancorp
MSF OH
Tipperary Land Co
Stewart & Stevenson
Wildcat Drilling Plans Across New Mexico and Texas Fields
Maddox Energy Corp of Midland to drill No 12 Flower Draw State a 14000 foot wildcat in Eddy County New Mexico 14 miles SE of Black River Location 1980 feet from north and east lines of Section 2 Township 26S Range 28E six miles SW of Corral Canyon Morrow Gas Field Tennece Oil Co of San Antonio to drill No 1 M 33 MacMillian a 10000 foot wildcat in Eddy County 19 miles SW of Loco Hills Location 760 feet from north line and 2040 feet from west line of Section 33 Township 18S Range 27E one mile SW of Atoka East Morrow Gas Field William J Young of Fort Worth to drill No 1 Mattie Price a 13600 foot wildcat in Lea County 10 miles N of Tatum Location 1980 feet from north line and 660 feet from east line of Section M Township 10S Range 35E six miles SW of Crossroads West Devonian Field Earl M Craig Jr of Midland to drill No 1 Morrison a 12000 foot wildcat in Upton County three miles NE of Rankin Location 1980 feet from south line and 660 feet from west line of Section 31 Block B C&M Survey one mile S of Spraberry Trend Field
MENTIONED IN THIS ARTICLE
Maddox Energy Corp
Midland
Flower Draw State
Eddy County
Black River
Corral Canyon
Morrow
Tennece Oil Co
San Antonio
Loco Hills
Township
Atoka
East Morrow
William J. Young
Fort Worth
Mattie Price
Lea County
N.M
Tatum
Township 10
Earl M. Craig Jr
Morrison
Upton County
Rankin
C&m
Block rescinds gasohol loan guarantees amid probe
Agriculture Secretary John Block halted all approval, processing, and disbursement of more than 350 million in Carter era gasohol loan guarantees as audits raised serious questions. Inspector General Thomas McBride urged blocking 15 loans totaling 341.6 million pending investigation, amid broader moves before the fall election.
MENTIONED IN THIS ARTICLE
Washington
John Block
Farmers Home Administration
Block
USDA
Fmha
FIHA
Thomas McBride
McBride
Agriculture
Bob Bergland
Reagan
Gas prices rise as OPEC cuts lifting price controls take effect
New York AP report shows U S average gasoline price at 1 2719 a gallon as of Sunday up 2 28 cents since Jan 19 and 4 47 cents since Dec 19. Lundberg notes price controls expired and Reagan administration hints at further lifting within days, with projections of a 5 to 10 cent rise. Wholesale price advanced to 1 0360, while dealer margins slipped to 8 96 cents per gallon amid weak demand. Gasoline use declined as prices climbed from 69 43 cents in 1979 to 1 1807 last year.
MENTIONED IN THIS ARTICLE
New York
United States
OPEC
Dan Lundberg
Lundberg
Los Angeles
Karna Small
White House
Reagan
David Stockman
Federal Office of Management and Budget
New York Times
Congress
Petroleum Intelligence Weekly
Energy Department
Chamber of Commerce
San Diego
Associated Press
Saudi Arabia
U.S
Organization of Petroleum Exporting Countries
Rand study warns U.S. not to count on Mexican oil
A Rand Corp report for the Department of Energy cautions the United States not to rely on Mexican oil for security. It traces Mexican nationalism since 1938, notes limited production capacity and political risks, and says a moderate export policy serves Mexico’s interests.
MENTIONED IN THIS ARTICLE
Washington
Rand Corp
United States
Department of Energy
Rand
Mexico
U.S
Iran
Audi Arabia
Soviet Union
Iraq
Kuwait
Petroleum
Pemex
Oil Spill Cleanup Off Delaware Bay
Crews in Bowers Beach Delaware work to clean up at least 1000 gallons of Alaskan crude oil spilled from the merchant ship New York into Delaware Bay while unloading onto a barge owned by Interstate Ocean Transport. Coast Guard Chief Petty Officer Edward Swift cited a crack or hole in the hull as the likely leak source.
MENTIONED IN THIS ARTICLE
Bowers Beach
Del
Delaware Bay
U.S. Coast Guard
New York
Interstate Ocean Transport
Edward Swift
Coast Guard
Gloucester
N.J
Also Mentioned on This Page
Haskell
Oklahoma
Permian Basin
Emergy
Aggressive Independent
Convest Energy Corporation
W. Loop S
Suite
Houston
Texas
J. A. Herrington
Michelin
America
American Express
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